We’ll add more market news briefs throughout the day. Check back to read the latest.
U.S. Census Bureau’s November 2015 construction spending report:
- Construction spending was at a seasonally adjusted rate of $1,122.5 billion.
- This is 0.4 percent below the revised October 2015 estimate.
- It’s also 10.5 percent above the November 2014 estimate.
Black Knight Financial Services’ October 2015 home price index:
- The home price index for October 2015 was $254,000.
- New York, Tennessee and Texas hit new peaks in October.
- Connecticut saw the most negative monthly movement.
Mortgage rates:
[graphiq id=”b2w6fmfIyNL” title=”30-Year Fixed Rate Mortgage Rates for the Past 6 Months” width=”600″ height=”400″ url=”https://w.graphiq.com/w/b2w6fmfIyNL” link=”http://mortgage-lenders.credio.com” link_text=”30-Year Fixed Rate Mortgage Rates for the Past 6 Months | Credio”]
[graphiq id=”2NvK9Bl9HIF” title=”15-Year Fixed Rate Mortgage Rates for the Past 6 Months” width=”600″ height=”400″ url=”https://w.graphiq.com/w/2NvK9Bl9HIF” link=”http://mortgage-lenders.credio.com” link_text=”15-Year Fixed Rate Mortgage Rates for the Past 6 Months | Credio”]
Home equity rates:
[graphiq id=”kPkTJrAnX5r” title=”Average Home Equity Loan Bank Rates by State” width=”600″ height=”465″ url=”https://w.graphiq.com/w/kPkTJrAnX5r” link=”http://mortgage-lenders.credio.com” link_text=”Average Home Equity Loan Bank Rates by State | Credio”]
[graphiq id=”dP0v3iYOnH” title=”Average Home Equity Loan Credit Union Rates by State” width=”600″ height=”465″ url=”https://w.graphiq.com/w/dP0v3iYOnH” link=”http://mortgage-lenders.credio.com” link_text=”Average Home Equity Loan Credit Union Rates by State | Credio”]
Last week’s most recent market news:
National Association of Realtors’ Pending Home Sales Index for November 2015:
- The pending home sales index declined by 0.9 percent to 106.9 in November.
- This is 0.9 percent below October’s index but 2.7 percent above November 2014.
- The November annual gain was the smallest since October 2014.
First American’s Loan Application Defect Index for November 2015:
- The defect index fell 1.3 percent month-over-month in November 2015.
- The index fell 8.2 percent year-over-year in November 2015.
- The defect index for refinance transactions was down 2.9 percent month-over-month, 10.7 percent year-over-year.
Federal Housing Finance Agency’s November 2015 mortgage index:
- The national average contract mortgage rate for previously occupied homes was 3.85 percent, down from 3.89 percent in October.
- The average interest rate on all mortgage loans was 3.86 percent, down from 3.90 percent in October.
- The average loan amount for all mortgage loans was $319,800, up from $308,600 in October.
National Average Contract Mortgage Rate for Previously Occupied Homes Nov 2014 – Nov 2015
Freddie Mac’s Multi-Indicator Market Index (MiMi):
- The national MiMi value stands at 81.9.
- This is 0.59 percent up from September to October 2015.
- This also indicates a 6.31 percent year-over-year increase.
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